News

The boards of CMP Resources (VSE), Plexus Resources (TSE) and a numbered Ontario company have agreed to amalgamate. The 3-way merger will result in a new gold-oriented company, Kinross Gold, which wil…

Hamburger Metallkontor Gmbh & Co. of Hamburg, Germany, and partner Onshore Resources of Dublin, Ireland, are continuing their search for sedimentary-exhalitive (SEDEX) lead-zinc deposits in central Eu…

A company whose history reaches back more than half a century, is slowly winding down. Kerr Addison Mines (TSE) recently sold its exploration assets to Metall Mining (TSE) for $23.5 million. The holdi…

Pursuant to a previous agreement, Euro-Nevada Mining (TSE) has issued two million special warrants at $25 each to raise $50 million. Each special warrant is convertible into a common share and a warra…

Reunion Mining, 48%-owned by Caledonia Mining (TSE), has reached an agreement whereby Blue Falcon Mines may earn up to a 75% interest in a property in central Zimbabwe. The Magondi property covers a 4…

— Week — May 18 May 17 May 14 May 13 May 12 High Low Composite “300” 3826.85 3792.48 3813.33 3801.34 3796.52 3826.85 3768.32 Metals&Minerals 2865.11 2856.10 2877.26 2891.49 2874.90 2905.52 2825.80 I…

Fifty senior managers at Noranda (TSE) have sold 1.6 million common shares at $20.50 per share through the Toronto Stock Exchange to raise $32.8 million. They used about $30 million of the proceeds to…

“They take the gold. We keep the cyanide.” So warns a full-page advertisement in the April 12 issues of The Spokesman-Review and The New York Times (western edition). It is the latest blow in an attac…

An underground sampling program has been completed on Exall Resources’ (TSE) La Verde Grande property in Sonora, Mexico. Sampling on the upper level of the old mine returned values of 1.13% copper, 3….

The Canada Labour Relations Board has dismissed an application for certification by an independent association seeking to displace the union representing workers at the Giant mine outside Yellowknife,…

A recent letter agreement allows a unit of Rio Algom (TSE) to earn an interest in the Lockwood property, a volcanogenic massive sulphide prospect near Everett, Wash. The 5-sq.-mile property is on leas…

The Ministry of Energy, Mines and State Industry (SEMIP) in Mexico has lessened the amount of paperwork through which mining companies must wade. Paradoxically, doing so has entailed the use of still …